Science Applications International Co. $SAIC Stock Holdings Lessened by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA reduced its stake in Science Applications International Co. by 25.2%, owning 7,976 shares valued at approximately $895,000 after selling 2,683 shares.
• Several analysts have recently changed their price targets for Science Applications International, with Jefferies Financial Group raising it from $120.00 to $130.00 and Wells Fargo adjusting theirs from $132.00 to $137.00, while others lowered their targets.
• The company declared a quarterly dividend of $0.37 per share, with the payout scheduled for October 24th, representing a dividend yield of 1.4%.

Petrus Trust Company LTA trimmed its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 25.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,976 shares of the information technology services provider's stock after selling 2,683 shares during the quarter. Petrus Trust Company LTA's holdings in Science Applications International were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 148 shares during the period. Larson Financial Group LLC raised its position in shares of Science Applications International by 43.2% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 98 shares during the period. US Bancorp DE raised its position in shares of Science Applications International by 38.5% during the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 90 shares during the period. Fifth Third Bancorp raised its position in shares of Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 88 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in shares of Science Applications International during the 1st quarter worth approximately $58,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SAIC shares. Wells Fargo & Company increased their price objective on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Truist Financial raised their price target on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 24th. UBS Group lowered their price target on Science Applications International from $111.00 to $110.00 and set a "neutral" rating on the stock in a report on Friday. Stifel Nicolaus lowered their price target on Science Applications International from $130.00 to $128.00 and set a "buy" rating on the stock in a report on Friday. Finally, The Goldman Sachs Group lowered their price target on Science Applications International from $104.00 to $91.00 and set a "sell" rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Science Applications International presently has a consensus rating of "Hold" and a consensus price target of $122.00.

Science Applications International Price Performance

SAIC traded up $0.18 during trading on Tuesday, reaching $102.78. The stock had a trading volume of 702,340 shares, compared to its average volume of 652,379. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average of $114.96 and a two-hundred day moving average of $112.80. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 17.33 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, topping the consensus estimate of $2.25 by $1.38. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the business earned $2.05 earnings per share. Science Applications International's revenue for the quarter was down 2.7% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. As a group, equities analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. Science Applications International's dividend payout ratio is currently 17.92%.

Science Applications International Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.